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The Metropolitan Transportation Authority of the State of New York (MTA) has announced that it’s considering massive prices hikes.
When looking at the history of New York City subway price increases, this latest proposed cost increase is almost farcical. I will admit that New York does have some of the best public transportation in the world (despite recent route revisions and cuts). Maybe it’s a matter of needing the money to fix the issues but not being able to get the money until the issues are fixed. The New York Post points out that this is the fifth price increase in the past eight years. ABC News published a fare breakdown by the Associated Press listing every increase in the past 111 years, since the subway opened in 1904. Here are those 22 increases in chart form, from the original 5-cent fare to the current $2.75. While the above chart shows a steady rise to today's price, the inflation-adjusted chart below shows the fare growing in fits and starts, even dipping in the late '70s.
Note that the adjustments for inflation are imperfect because the first government inflation data available from the Bureau of Labor Statistics via the St.
The news comes courtesy of the Daily News, who spoke to sources who told them the MTA is discussing two fare hike plans.
Of course, you’ll have time to comment on this when the MTA sets the dates for their fare hike hearings in December. We’ve been waiting years for the fabled Alamo Drafthouse to open in Downtown Brooklyn. Us: A Brooklyn-based website in love with finding ways to make life easier and more fun in one of the most expensive cities in the world. Pizza Principle in New York, since the 1960s, if the subway fare was rising, pizza would follow up, their amount of increase was consistent, and they almost have same price. You’d better start saving: In a decade, bus and subway fares in New York City could be 50 percent higher than they are now. A new report from the New York City Independent Budget Office projects that come 2023, a 30-day MetroCard could cost $168 and a single ride would shoot up to $3.75. If those projections hold, the cost of public transit in New York City would increase more than the projected 30 percent rise in the federal cost-of-living index over the same period.
The IBO crunched the numbers at the request of the Straphangers Campaign, a rider-advocacy arm of the New York Public Interest Research Group.


The MTA decided in 2009 to implement multiple “moderate” increases, said MTA spokesman Adam Lisberg on Tuesday morning, adding that it’s “way too early” to know what the actual fare hikes will be over the coming years.
The MTA is looking to cut $1.3 billion in annual costs by 2017, a goal for which the agency is on track, Lisberg said. The MTA’s biggest challenge is dealing with the rise of uncontrollable costs, such as pension funds, fuel and paratransit.
Correction: A previous headline for this article, written by The Huffington Post, incorrectly stated that fares could double over the next decade. Straphangers receive an 11 percent bonus on their card if they load at least $5.50 onto it.
It's estimated that 100,000 people per weekday who ride NJ Transit or PATH trains also use New York City subways.
Tolls on MTA bridges and tunnels also rose -- from 4 to 6 percent for EZ-Pass users and 10 percent for drivers who pay cash. The Lincoln and Holland tunnels as well as the George Washington Bridge and the three bridges connecting Staten Island and New Jersey are controlled by the Port Authority of New York and New Jersey. From local news to politics to entertainment and sports, the twice daily Right Now eNewsletter has all of the New Jersey news you need! New York public transportation prices are already one of the highest in the country, if not around the world. This is one of the few cities where most people find that owning a car is a larger hassle than not owning a car. It is not my fault that the MTA was unable to balance their budget and are now deeply in debt. I’m sure there are tons of improvements being made to the subway system behind the scenes, but the average commuter has no idea about the details of these changes. But these problems have been prevalent through all the previous fair hikes, so excuse me if I don’t think charging $130 for a monthly metro card is going to do anything at all.
Monthly unlimited Metro Card users have a median household income of $63000 and average 59 trips, the MTA said.
So the single swipe price is staying the same, but they’re messing with the unlimited cards.
When you're looking at a difference of $2.70 over a century with an average historical 3% rate of inflation every year, it turns out that the fare hasn't risen as much as the unadjusted graph would indicate. Louis Fed's FRED database is from 1913, and because March data isn't yet available (we used January 2015 dollars).


We finally got word earlier this month that the Austin-based chain famous for its in-theater dining and drinking would actually be opening this summer. And we haven’t laid a finger on it since then, because we really were holding out hope for a better alternative.
Were future Metropolitan Transportation Authority fare hikes to mirror inflation rates, a single ride would cost $3.25 and an unlimited 30-day MetroCard $145. Its analyst derived the prognostication from the fare hikes promised in the current MTA financial plan, which include an increase in 2015 followed by another in 2017. 29, 2013 photo, contractors work on the East Side Access project beneath midtown Manhattan, in New York. All rights reserved (About Us).The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of New Jersey On-Line LLC. With the current proposal, prices for an unlimited monthly metro card would raise from $89 to $130! Between subways, buses, and taxis, one can easily travel anywhere in the five boroughs of New York City at any time.
Psychologically, it’s extremely dumb to raise prices, especially so drastically, without giving the public any tangible improvements. The East Side Access is one of three bold projects under New York that will expand what's already the nation's biggest mass-transit system by 2019.
Instead, we see the MTA cutting service and trains, stations still falling apart, and subway cars with almost unbearable conditions. Riders feel this way, therefore it is up to the organization to act accordingly, either by addressing common complaints directly or improving communication in regards to behind the scenes changes currently underway.
In fact, I would be perfectly content to pay more money for my metrocard if there were marked improvements being made to the trains and subway stations. Eventually, it’s going to cost more than your heating bill, but today is not that day.



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